|By Matein Khalid| The Algiers pact was a game changer in the international oil markets. Crude oil prices have risen to three month highs above $50 Brent after OPEC agreed to cut output to the 32.5 – 33 MBD range, with the symbolic Saudi-Iranian deal reinforced by a sharp drop in US inventories and Hurricane Matthew’s havoc in the Caribbean. Unfortunately for OPEC, the US land rig […]
By Julia Love and Deborah M. Todd Samsung Electronics’s abandonment of the Galaxy Note 7 due to safety concerns will likely touch off a turf war among Android smartphone makers, analysts said, presenting them a rare opportunity to gain share but with less room for archrival Apple Inc. Consumers tend to commit to their choice between Apple’s iOS operating system for smartphones and Google’s Android, leaving Samsung’s […]
By HWAIDA SAAD and NICK CUMMING-BRUCE September 30, 2016 BEIRUT, Lebanon — An array of groups allied with the Syrian government pressed an assault on rebel-held eastern Aleppo on Friday, as the World Health Organization said heavy bombardment of the area by Russia and Syria had killed 338 people in the last week, including more than 100 children. With more of the city’s already limited hospitals destroyed in the latest offensive, […]
By PETER BAKER September 30, 2016 JERUSALEM — From across the ocean and across the Green Line, they came on Friday to the mountaintop sanctuary of Mount Herzl to bid farewell to Shimon Peres, marking what one called the “end of the era of giants.” But the question of the moment was whether it was a funeral for a man or for his dream. Twenty-three years after Mr. Peres […]
UAE. The UAE industrial market has continued to show a relatively steady performance despite the emergence of economic headwinds, amidst on-going global uncertainty, according to the H1 2016 UAE Industrial & Logistics MarketView, by global real estate consultancy firm CBRE. The softening of crude oil prices over the past 18 months has had mixed effects on the UAE industrial sector, and on the markets in Dubai and […]
|By Arabian Post Staff| DEWA has awarded the contract for Independent Power Producer (IPP) Advisory Services for the 200MW Concentrated Solar Power (CSP) Plant to a consortium led by KPMG Lower Gulf Limited (Financial), alongside Mott MacDonald (Technical) and Ashurt (Legal). This is part of DEWA’s efforts to increase the percentage of renewable and clean energy in the energy mix, and support the Dubai Green Energy Strategy […]
|By Arabian Post Staff| Abu Dhabi’s Masdar City without light switches or water taps has much to teach people around the world about saving energy and precious resources. With its low-rise and energy efficient buildings, smart metering, excellent public transport and extensive use of renewable energy, the 2,000 citizens of Masdar City are living in a place which is a ‘green’ example to city planners around the […]
/By MAYA KOSOFF/Vanity Fair/Apple, which reportedly spends more than a billion dollars a year to outsource its cloud infrastructure to Amazon, Google, and Microsoft, is working on a secret project to ditch its competitors. The internal initiative, code-named “McQueen”— yes, like that Steve McQueen—is Apple’s attempt to break its reliance on other cloud providers by creating its own platform,Re/code reports. Sources said Apple could break even on […]
By Laurence Frost and Gilles Guillaume | PARIS PARIS Renault expects diesel engines to disappear from most of its European cars, company sources told Reuters, after the French automaker reviewed the costs of meeting tighter emissions standards following the Volkswagen scandal. The sober reassessment was delivered at an internal meeting before the summer break. It shows how, a year after VW admitted engineering software to cheat U.S. […]
By Charlotte Greenfield | WELLINGTON WELLINGTON An appeal by flamboyant German tech entrepreneur Kim Dotcom over a decision to extradite him to the United States began in New Zealand on Monday, with the Megaupload founder’s legal team arguing the hearing should be livestreamed on YouTube. The High Court hearing opened in Auckland nine months after a lower court ruled Dotcom could be sent to the United States […]
James Cook University, University of Sydney and Queensland University of Technology scientists working with laser data from the Royal Australian Navy have discovered a vast reef behind the familiar Great Barrier Reef. JCU’s Dr Robin Beaman says the high-resolution seafloor data provided by LiDAR-equipped aircraft have revealed great fields of unusual donut-shaped circular mounds, each 200-300 metres across and up to 10 metres deep at the centre. […]
Researchers at the Faculty of Physics at the University of Warsaw, using the liquid crystal elastomer technology, originally developed in the LENS Institute in Florence, demonstrated a bioinspired micro-robot capable of mimicking caterpillar gaits in natural scale. The 15-millimeter long soft robot harvests energy from green light and is controlled by spatially modulated laser beam. Apart from travelling on flat surfaces, it can also climb slopes, squeeze […]
Scientists sponsored by the Office of Naval Research (ONR) have genetically modified a common soil bacteria to create electrical wires that not only conduct electricity, but are thousands of times thinner than a human hair. As electronic devices increasingly touch all facets of people’s lives, there is growing appetite for technology that is smaller, faster and more mobile and powerful than ever before. Thanks to advances in […]
By Harry Pearl and Charlotte Greenfield | SYDNEY SYDNEY German tech entrepreneur and alleged internet pirate Kim Dotcom will seek a review of a Federal Court decision which rejected his bid to keep hold of millions of dollars in assets held in Hong Kong and New Zealand, his lawyer said. A three-judge panel of the 4th Circuit U.S. Court of Appeals ruled two to one on Friday […]
While the more than 5 meter long Greenland shark is one of the world’s largest sharks, it is also one of the least understood animals on our planet. The Greenland shark’s general biology and way of life have been a mystery to biologists for many years. However, marine biologists at the University of Copenhagen have now deployed an epoch-making method to unveil one of the greatest of […]
Former Federal Reserve Chairman Alan Greenspan suggested that oil prices have probably bottomed out at about $40 per barrel after tumbling more than 20 percent in the past two months into a bear market. “It’s hard for me to imagine it going very much lower, but it could,” he said Wednesday, according to the transcript of a conference call organized by Rock Creek Group, an investment advisory […]
BREMEN, Germany — Believing he was answering a holy call, Harry Sarfo left his home in the working-class city of Bremen last year and drove for four straight days to reach the territory controlled by the Islamic State in Syria. He barely had time to settle in before members of the Islamic State’s secret service, wearing masks over their faces, came to inform him and his German […]
HUSAN, West Bank — The Sabateen clan recognized the dewy-eyed boy in the World Vision sponsorship card from his birth date and the striped collar of his cardigan. His mother used to make him wear that sweater on special occasions. It was their Othman, who turned 18 on Monday but at the time was 5. None of his relatives recalled signing him up for the World Vision […]
INTERNATIONAL. – Higher GDP per capita alone does not determine real quality of life. This is according to the Social Progress Index (SPI) 2016 published recently by US-based nonprofit, the Social Progress Imperative. The Index ranks Finland the world’s most socially progressive country, Canada in second place tops the G7 nations. Economic growth is not the sole determinant of quality of life The 2016 Index finds that whist […]
Data centers are notorious for how much energy they require. Now, however, Google thinks it has found a way to mitigate that problem. Over the last few months, the tech giant has been using an artificial intelligence (AI) system built by DeepMind to control certain parts of its data centers to make its vast server farms more environmentally friendly. DeepMind is the British AI company that Google […]
|By Matein Khalid|Brexit will have a profound impact on international banking. It was no coincidence that the shares of UK, German, Swiss, Italian, Spanish and other banks fell 20-25% in a single trading session on news of Brexit. Even American money center banks and investment banks with a large footprint in the City of London fell 8 – 10% on Friday, June 24, 2016. As Deutsche Bank […]
The logo of Facebook is seen at the Cannes Lions Festival in Cannes, France, June 23, 2016. Reuters/Eric Gaillard Facebook Inc on Friday said it began testing end-to-end encryption on its popular Messenger application to prevent snooping on digital conversations. The limited testing on Messenger, which has more than 900 million users, comes three months after Facebook rolled out end-to-end encryption to its more popular WhatsApp, a […]
Scientists with NASA’s Dawn mission have identified permanently shadowed regions on the dwarf planet Ceres. Most of these areas likely have been cold enough to trap water ice for a billion years, suggesting that ice deposits could exist there now. “The conditions on Ceres are right for accumulating deposits of water ice,” said Norbert Schorghofer, a Dawn guest investigator at the University of Hawaii at Manoa. “Ceres […]
Scientists have specified how many deaths can be attributed to human-made climate change during an extreme heatwave in two European cities in 2003. They calculate that in Paris, the hottest city in Europe during the heatwave in summer 2003, 506 out of 735 summer deaths recorded in the French capital were due to a heatwave made worse by human-made climate change. The impact of climate change was […]
